Total market capitalisation €2,978 million
Paris – 23 January 2015 – Euronext, the leading exchange in the Eurozone, today announced that Cnova N.V., a global player in e-commerce, has listed in compartment A of the Euronext Paris regulated market.
Cnova N.V. is one of the world’s largest global e-commerce companies. A subsidiary of the Casino group (already listed in Paris), it offers over 13 million customers a range of more than 12 million products at attractive prices. Cnova provides innovative and highly differentiated delivery and payment solutions, and operates Cdiscount websites in France, Brazil, Colombia, Ecuador, Panama, Thailand, Vietnam, Ivory Coast, Senegal, Cameroon and Belgium, along with its Extra.com.br, Pontofrio.com and Casasbahia.com.br sites in Brazil.
Cnova N.V. (ticker code CNV) listed on January 23 through the direct admission to trading on the Euronext Paris regulated market of the 441,297,846 common shares making up its equity.
Market capitalisation on the day of listing was around €2,978 million.
Jean-Charles Naouri, Chairman of the Board of Cnova N.V., said “We are pleased to be listed on Euronext Paris given Cnova’s strong ties to France and the strong interest shown by the European financial community for our company. The listing on the main trading platform in Europe is a new step in our company’s growth, and a move that will raise our profile with investors.”
Anthony Attia, Chairman and CEO of Euronext Paris, said: “Cnova’s listing on our Paris market is a powerful event for Euronext, which makes financing of innovative businesses a priority. Cnova is a flagship in global e-commerce and a world leader in its sector. Its market debut on Euronext today testifies to the attractiveness of our markets which are rapidly becoming Europe’s leading hub for tech stocks. We are proud to support the development of a company like Cnova—a standard-bearer highlighting the growth potential of innovative companies.”
Marc Lefèvre, Euronext’s head of European Business Development and Client Coverage, noted: “We are delighted to welcome an international player like Cnova and applaud its choice of our Paris market for its European listing. Listing will expand Cnova’s base of European investors and give it access to capital markets in the Eurozone. While it is already listed in the United States, its market debut in Paris illustrates the sheer energy driving Cnova, its global perspective and its focus on growth to better serve its clients, partners and employees.”
Cnova N.V has been listed on Nasdaq Global Select Market since 20 November 2014.